Xi Asian Session Indicator MetaTrader 5 – Free Download [TradingFinder]

The Xi Asian Session indicator is a suitable tool for analyzing market conditions during the low volatility periods of the Asian session.

The indicator defines the time frame Asian session shows the price range and accumulation area on the chart.

These areas are the basis for subsequent strong moves during the London and New York trading sessions; identifying these bands allows for more precise analysis of support and resistance levels .

Xi Asian session indicator table

The general characteristics of the Xi Asian session indicator are shown in the table below:

Xi Asian Session Indicators at a Glance

The Xi Asian Session indicator draws a rectangular range that marks the Asian session time span and price movement range on the chart.

A price breakout of this range is considered a strong signal of the start of a new move. In this case, there are two analysis strategies:

• Breakout strategy : Enter the market immediately after the candle closes beyond the range;
• Pullback strategy : Wait for the price to return to the range and reconfirm the entry.

This tool essentially identifies the starting point for strong market moves later in the day.

Xi Asian session indicator bullish trend

In a bullish scenario and using a breakout strategy, price moving beyond the Asian trading session range (as shown in the chart) signals the start of an advance.

When the candle closes above this range, the conditions for a buy trade are established. Such breakouts are usually accompanied by increased volume and momentum , which enhances the likelihood of a trend continuation.

Bearish Trend in Xi Asian Session Indicator

In a bearish scenario, based on a pullback strategy, after a downward breakout of the Asian session range, the price will often return to the breakout level for a retest.

During this phase, the formation of valid price action patterns, such as the Pin Bar (pictured), confirms the continuation of the downward trend.

Xi Asian Session Indicator Settings

An overview of the settings for the Xi Asia session indicator is shown below:

Info1

• Conference opening hours : Asian session start time
• Conference closing time : end of Asian session
• Alert when the range exceeds the range alarm threshold : Alert when the Asian session price range is exceeded
• Range Alarm Threshold : Range Alarm Threshold
• Display the label of the current channel range : Display the label of the current range
• Label color for current channel range : Color of label for current range
• Plot Past Days for Session Channel on Chart : Plot Past Days for Session Channel on Chart

Info2

• Draw a vertical line to show that the session is open : Draw a vertical line to show that the session is started
• Color of session open timeline : Color of session start line
• Meeting opening timeline style (0 – 4) : Session start line style
• Width of session open timeline : Width of session start line
• Session open timeline label: Label for the session start line

Info3

• Draw a vertical line to indicate the end of a session : Draw a vertical line to indicate the end of a session
• Session end timeline color : Session end line color
• Session end timeline style (0 – 4): Session end line style
• Session End Timeline Width : Session Close Line Width
• Labels for the session end timeline : Labels for the session end line

Conclusion

The Xi Asian Session Indicator defines important areas for market analysis by showing the price range during the Asian trading session.

This range would later play a crucial role in forming powerful moves in the London sessions and New York sessions , providing suitable areas for entering buy and sell trades.